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Plug Power Gains 3% Amid Asset Sales That Cover Half of Quarterly Cash Burn
Plug Power (NASDAQ:PLUG) shares advanced 3.0% to $2.215 on Friday, boosted by asset sale deals expected to deliver over $80 million in near-term liquidity, though this covers only about half of the company's quarterly cash burn.
AT&T Faces Crucial Cash Flow Test Ahead of Q2 Earnings Report
AT&T's stock reversed early gains ahead of Q2 earnings, with free cash flow targets under scrutiny. The company needs $11.25B in the second half to meet its $18B minimum.
Nuburu Shares Halted After 39% Plunge on $38M Offering and Severe Dilution Fears
Nuburu shares halted at $0.0727, down 39.2%, after announcing a $38M offering that could nearly double the share count, with 44% of proceeds going to debt repayment.
American Tower Dividend Yield Trails Treasuries, Earnings in Focus
American Tower's dividend yield of 4.24% is 31 bps below Treasuries, putting income investors on alert. Q2 earnings on July 28 will be key.
Southland Holdings Surges on Major Winnipeg Civil Contract Win
Southland Holdings shares surged 67.3% to $1.14 after winning a C$272 million Winnipeg civil infrastructure contract, which represents 27.5% of its March Civil backlog.
Joby Aviation Shares Stabilize After 5% Drop Amid Trust Sale and Valuation Concerns
Joby Aviation shares stabilized after a 5.4% drop, with a trust sale of $4.71 million in shares drawing attention to the company's valuation premium and certification milestones.
Super Micro Holds Steady Amid Funding Scrutiny and $39B AI Order Book
SMCI shares edged up 1.5% to $25.04, with a $39 billion AI order book facing skepticism over order cancelability and potential dilution from a June funding deal.
Broadcom Bounces Back After VMware Deal Boosts Margins
Broadcom shares rebounded 0.5% after an early 4.4% decline, buoyed by strong software margins from the VMware acquisition and a new contract with Standard Chartered.
